The Isle of Man Treasury has issued a release on a change in the interest rates for VAT and other indirect taxes.
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Interest rates for VAT and other indirect taxes
This news release is issued to draw attention to an increase in interest rates from 21 February 2023.
The rules relating to interest charges for late payment are changing in the United Kingdom due to an increase of the Bank of England base rate to 4% from 3.5%. The Isle of Man Government has an agreement with the United Kin…